Life Insurance Policies Better Investment Than Gold

Gold is a commodity that some investors stockpile during economic downturns, but cash value life insurance may be a better option.

According to financial expert Dan Solin, it may be worth an investor’s time to invest in a cash-value life insurance policy rather than a precious metal. According to him, if properly designed, a life insurance policy can serve as both an investment and a savings vehicle.

According to Solin, cash value policies can provide a fixed income and serve as an emergency fund, allowing investors to be more aggressive in other areas of their portfolio. He claims that the returns on these policies can outperform the after-tax returns on other securities.

According to Solin, it is possible to design a cash value policy that accrues 90 percent of the first year’s premium if it is processed through an insurance company consultant rather than an insurance agent. Agents are frequently paid more in commissions than consultants.

According to Phoenix radio station KTAR, whole life insurance is becoming more popular because it includes a savings and investment component. Whole life plans, according to consumers, provide more stability than term life plans that lack these features.

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